India’s Technical Textiles Industry Poised to Exceed $10 Billion Target by 2030: Giriraj Singh

Shri Singh highlighted the increasing global and domestic consumption of man-made fibres and technical textiles, underscoring their growing importance across various sectors.

 Union Minister of Textiles, Shri Giriraj Singh, expressed confidence that India’s technical textiles industry will surpass the $10 billion target set for 2030 during the inauguration of the international conference-cum-exhibition titled ‘Viksit Bharat - Technical Textiles for Sustainable Growth & Development’ in New Delhi.

Shri Singh highlighted the increasing global and domestic consumption of man-made fibres and technical textiles, underscoring their growing importance across various sectors. The Union Minister launched the Compendium of the National Technical Textiles Mission (NTTM) and presented confirmation certificates to 11 approved Start-Ups under the NTTM.

The Minister emphasized the government's commitment to advancing the technical textiles sector through initiatives such as the National Technical Textiles Mission and the Production Linked Incentive (PLI) Scheme for MMF Fabric, Apparel, and Technical Textiles. He detailed that 156 research projects have been sanctioned under the NTTM, focusing on innovations like carbon fibres and support for start-ups.

Shri Singh expressed confidence in the local industry’s potential to develop High-Performance Fibres with significant applications in aerospace, automotive, and construction sectors. He reiterated the government's full support to position India as a global leader in technical textiles manufacturing and market.

The international conference was organized by the Ministry of Textiles in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI) and the Indian Technical Textile Association (ITTA) at The Ashok Hotel, New Delhi, as part of the National Technical Textiles Mission.

Union Minister of State for Textiles, Shri Pabitra Margherita, highlighted the nation’s progress towards becoming self-reliant in technical textiles and noted various state governments' initiatives to attract investments, including foreign direct investment (FDI), in the sector.

Smt. Rachna Shah, Secretary of the Ministry of Textiles, emphasized the significant market opportunity in technical textiles, pointing out that while global trade in this sector stands at around $300 billion, India’s domestic market is valued at $25 billion with exports amounting to $2.6 billion. She mentioned the NTTM's focus on introducing standards, Quality Control Orders, and fostering interdepartmental collaboration.

Dr. S Somanath, Chairman of ISRO and Secretary of the Department of Space, discussed the critical role of composites and high-performance fibres in aerospace, noting the current lack of commercial production facilities in India and the resulting high import reliance. He urged stakeholders to invest heavily in this sector to meet local demand and tap into the global market.

Joint Secretary and Mission Coordinator of NTTM, Shri Rajeev Saxena, provided an overview of policy initiatives and support under the NTTM guidelines. He shared progress on the mission, including the release of Quality Control Orders for 57 technical textiles items and the inclusion of 37 new HSN Codes under the mission.

The inaugural session of the conference was attended by Shri Pabitra Margherita, Ms. Rachna Shah, and Dr. S Somanath. Day 1 featured four panel discussions covering employment, innovation, social impact, and the future direction of the technical textiles industry. The discussions included participation from government representatives, industry leaders, research organizations, and start-up founders.